455-457 Somerset Street W, Ottawa Centre

Welcome to 514 & 516 Bay Street, an excellent opportunity to own a well-maintained 5+1-unit building in the heart of Centretown, offering a solid 6.4% cap rate and positive cash flow. This property combines stable income with immediate rental upside. Located on the corner of Bay and Gladstone, the building sits in a desirable residential pocket surrounded by established single-family homes and multi-unit properties. Just steps to downtown offices, shops, restaurants, and public transit, this prime location continues to attract consistent tenant demand. The property features four 2-bedroom units and two 1-bedroom units, providing a strong rental mix. One unit is currently vacant, offering the new owner the opportunity to set rent at today's market rate. There is a shared driveway with parking for three vehicles, adding further tenant appeal. Major updates were completed in 2022, including new subfloors, flooring, upgraded kitchens and bathrooms, lighting, insulation, and new appliances in three units. The roof was replaced in 2023, helping reduce near-term capital expenses. For owner-occupiers, the vacant unit also presents the option to move in while the remaining units generate income to significantly offset or potentially cover your mortgage.

Welcome to 455/457 Somerset Street West a rare opportunity to acquire a turnkey 6-unit building in one of Ottawa's most vibrant and in-demand rental locations. This well-maintained property generates a strong NOI of $125,496.90, with a 5.60% cap rate, and bonus immediate upside: 1 purposely positioned vacant unit is ready for renovation, allowing the next owner to quickly increase rental income and unlock further value. Each of the six units offers a spacious, thoughtfully designed layout that promotes long-term tenant satisfaction. With a tenant profile geared toward young professionals and transient renters, there is considerable potential to elevate rents to market levels with minimal capital investment. Situated in the heart of Centretown, steps to shops, restaurants, universities, and transit, this asset benefits from both premium location and consistent rental demand. Investors will appreciate the mix of stability and opportunity ideal for portfolio growth or as a high-performing entry into Ottawa's multi-residential market. Feature sheet available which breaks down all unit sizes and lease information. Vacant unit rent assumed in listed NOI.

Exceptional urban residence in prestigious Golden Triangle. This property represents exceptional value considering today's market conditions. With land acquisition & construction costs exceeding the home's asking price, this is a rare opportunity to secure a property at a price that would be difficult to replicate through new development. Ideal for buyers who recognize the long-term advantages of purchasing vs. building in the current environment. Built in '07, this property, distinguished by its sophisticated design, generous scale, & premium features is rarely found in this area. Filled with natural light, heated floors on all levels, including the garage, providing discreet luxury & year-round comfort. Two-car garage with additional two-car driveway, uniquely suited for embassy use, executive households, or automobile enthusiasts. Located moments from the Rideau Canal & a short walk to Elgin St's fine dining, boutiques, & cultural institutions, the home offers both tranquility & immediate access to Ottawa's diplomatic, governmental, & commercial core. Private east and west-facing balconies extend from the primary & guest bedrooms, offers serene outdoor spaces for morning & evening enjoyment. The second-floor loft offers flexibility to convert to an additional bedroom, private office, or formal sitting room. A well-appointed bedroom on the same level features a cheater ensuite bath, ideal for guests or family members. The foundation is Insulated Concrete Forming (ICF) which offers energy savings of 20-50% and provides a natural vapour barrier for superior comfort. The full height lower level, complete with fireplace, adds to living space suitable for entertaining, a private guest suite, or secure staff accommodations. With its intelligent layout, abundant parking, privacy, security, & walkable access to the City's most celebrated amenities, this home effortlessly meets the demands of buyers seeking comfort, discretion, & proximity to Ottawa's cultural landmarks.